ICONIQ Capital LLC Has $276,000 Position in Enterprise Products Partners L.P. (EPD)

ICONIQ Capital LLC maintained its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,994 shares of the oil and gas producer’s stock at the end of the first quarter. ICONIQ Capital LLC’s holdings in Enterprise Products Partners L.P. were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in EPD. Day & Ennis LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Day & Ennis LLC now owns 8,057 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 26 shares in the last quarter. Focused Wealth Management Inc boosted its position in shares of Enterprise Products Partners L.P. by 0.3% in the first quarter. Focused Wealth Management Inc now owns 11,788 shares of the oil and gas producer’s stock worth $325,000 after buying an additional 33 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Enterprise Products Partners L.P. by 0.5% in the first quarter. Sunbelt Securities Inc. now owns 8,124 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 40 shares in the last quarter. Trust Co boosted its position in shares of Enterprise Products Partners L.P. by 0.4% in the fourth quarter. Trust Co now owns 10,808 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 45 shares in the last quarter. Finally, BKD Wealth Advisors LLC boosted its position in shares of Enterprise Products Partners L.P. by 0.6% in the first quarter. BKD Wealth Advisors LLC now owns 8,639 shares of the oil and gas producer’s stock worth $239,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Shares of Enterprise Products Partners L.P. (NYSE EPD) traded up 1.00% during mid-day trading on Friday, hitting $25.23. 3,418,793 shares of the company were exchanged. Enterprise Products Partners L.P. has a 12-month low of $24.01 and a 12-month high of $30.25. The firm has a market capitalization of $54.19 billion, a P/E ratio of 19.85 and a beta of 0.89. The company’s 50-day moving average price is $26.83 and its 200-day moving average price is $27.29.

Enterprise Products Partners L.P. (NYSE:EPD) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. Enterprise Products Partners L.P. had a return on equity of 12.04% and a net margin of 10.28%. Enterprise Products Partners L.P.’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities research analysts predict that Enterprise Products Partners L.P. will post $1.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Monday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.66%. This is a boost from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, July 27th. Enterprise Products Partners L.P.’s dividend payout ratio is currently 132.28%.

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A number of research analysts have commented on the stock. BMO Capital Markets restated a “buy” rating and set a $33.00 price target on shares of Enterprise Products Partners L.P. in a research note on Wednesday, July 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research note on Thursday, August 10th. BidaskClub lowered shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Scotiabank set a $33.00 price objective on shares of Enterprise Products Partners L.P. and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price objective on shares of Enterprise Products Partners L.P. in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Enterprise Products Partners L.P. presently has a consensus rating of “Buy” and an average price target of $31.62.

About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

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